|| Print ||
|Thursday, September 19, 2013|
BY TIM MCCABE | OP-ED CONTRIBUTOR
There are indeed real differences in both the challenges and opportunities faced by rural and urban regions of Oregon. Rural areas of the state have not seen the economic recovery that urban regions are experiencing. A critical function of Business Oregon, the state’s economic development agency, is to use the tools, resources and expertise available to us to facilitate job growth in both rural and urban Oregon.
While commerce is certainly concentrated in urban areas, it is rural Oregon that has the urgent need. So I am proud that while 25% of the state’s population resides in rural Oregon, approximately half or our work is happening in partnership with rural companies.
Since 2007, looking at our finance programs, 54% of the loan and loan guarantee funds were used for rural Oregon projects. Our work with community banks to make more capital available to rural businesses was particularly critical during the recession.
In addition, the flexible Strategic Reserve Fund, which is often used to provide forgivable loans tied to job retention and creation, actually has the same distribution with 54% of SRF projects happening in rural Oregon over the same period. This program is often employed when a project has a unique need with no other resource available to fit that need. For instance, SRF was used to help Shimadzu Manufacturing expand its Canby facility creating 50 new jobs instead of expanding in Asia. But it was also utilized to help a small oyster larvae operation - Whiskey Creek Oysters - solve a pH water problem that threatened the entire oyster farming industry along Oregon’s Pacific coast.
On another important front, Business Oregon’s export assistance has helped 120 Oregon small businesses from all over the state find overseas customers for their products. These trade show appearances, aided by small $3,000 to $5,000 grants, is helping these companies realize $28 million in new revenue from a $483,000 state investment in matching grants since 2012.
Taking a step back and looking at Oregon’s overall economic development strategy: it’s the role of state government at the top level to deliver core services that increase economic opportunities for all Oregonians: such as health care, education and infrastructure development.
At the next level, we drive economic growth in specific key industries. Currently, Business Oregon focuses on advanced manufacturing, outdoor gear and active wear, clean technology, forestry and wood products and high technology. Our approach allows us to engage with partners in both urban and rural areas to try to grow these industries in which Oregon holds global competitive advantages.
We work on regional initiatives employing innovation strategies, often through the Oregon Innovation Council, to develop a robust food processing cluster in southern Oregon or an advanced manufacturing hub in the Columbia Gorge. We employ our expertise regarding entrepreneurial initiative or workforce development or our ability to certify lands for industrial development to spur job growth statewide.
Then at ground level, Business Oregon’s team of business development and finance experts work directly with Oregon companies, most of them with fewer than 50 employees, to help match their business needs with the resources at our disposal: access to capital, export assistance, tax incentives, business consulting and innovative solutions. Our people can serve as a single contact for a broad range of business services, for both programs we administer, as well as those existing elsewhere with our partners. We can make those connections and identify solutions.
In addition, we also “answer the door” when companies come knocking to look at expansion in Oregon. We pro-actively pitch the state in a targeted way both throughout the U.S. and overseas. We promote trade relationships in foreign countries, and look for opportunities for collaboration.
Our mission is clear and pronounced: help as many Oregon companies as is possible, both rural and urban, to create and retain as many jobs as they can for Oregonians.
Tim McCabe is the Director of Business Oregon.
Thursday, March 26, 2015
BY KIM MOORE
A conversation with Craig Wanichek, president and CEO of Summit Bank.
Tuesday, March 10, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
Baseball is returning to Portland and city officials are hoping economic opportunity comes with it.
Wednesday, February 25, 2015
BY JASON NORRIS, CFA | OB GUEST BLOGGER
Pets.com, GeoCities, eToys, and WorldCom … blasts-from-the-past that all signify the late 1990s Internet bubble. Yet we believe the dynamics of the market, specifically in technology stocks, are much different today than it was during the late 1990s.
Tuesday, February 24, 2015
BY KIM MOORE | OB RESEARCH EDITOR
A conversation with Donna Earley, director of sales and marketing for the Salem Convention Center.
Friday, March 27, 2015
BY LINDA BAKER
Founded 12 years ago, Keen Inc. likes to push the envelope, starting with the debut of the “Newport” closed toe sandal in 2003. Since then, the company has opened a factory on Swan Island and a sleek new headquarters in the Pearl District. The brand’s newest offering, UNEEK, is a sandal made from two woven cords and not much more.
Monday, February 23, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
Power Lunch at Swagat in Hillsboro.
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR
Don’t just sit there. For a healthy workplace, move up and down — and all around.
|Get on the bus!|
|Bike Chic: 7 stylish options for cyclists|
|Downtime with the executive director of Greater Portland Inc.|
|Emperor of the Sea|
|Swiss bankers guilty of tax fraud avoid jail|
|US grants Texan rhino hunter permit to bring back trophy|
|Norwegian Air tweaks cockpit rules after Germanwings crash|
|Federal Consumer Agency addresses payday loans|
|Slave-caught seafood sold in America|
|Heinz, Kraft merge|
|West Coast lawmakers want earthquake warning funding|
Generations of students and graduates have been plagued by the question: What is my true calling in life? Four alumni from Corban University’s Hoff School of Business who graduated in different decades say the school helped them find the answer by giving them a practical, well-rounded education.
It’s happening whether anyone’s ready or not. Businesses here in Oregon and across the U.S. are already experiencing the effects of the largest generational shift in recent history, and these changing tides will impact every level of the workplace — from a company’s executive leadership to its cultural core.
Success stories spotlight meaningful career opportunities in Oregon's diverse and lucrative tourism industry.
Like the advent of the locomotive, the cloud creates business opportunities that simply weren’t possible before now. Get up to speed fast in May at an exciting cloud-empowered Portland event.
Registration is now open for Portland Business Alliance’s Annual Meeting, one of the largest business gatherings in Portland each year.
The Commission helps to advance the professionalism, equality and efficiency of Oregon's judicial branch of government.